Acquisition-hungry consultant and construction services group RSK has secured £500m in extra funding to fuel its next tranche of strategic takeovers. The Cheshire-based group, which employs 15,000 people and operates in 40 countries, has received the investment from a consortium led by Searchlight Capital Partners and Ares Management Corporation funds. Ares has also committed an
Orpington-based regional contractor Neilcott Construction paid out another £250,000 to staff last year as part of its commitment to employee ownership. The windfall came as the south east contractor lifted revenue by 38% to a record £139m in the year to December 2023. The latest payout means eligible staff have received nearly £600,000 since the
Orpington-based regional contractor Neilcott Construction paid out another £250,000 to staff last year as part of its commitment to employee ownership. The windfall came as the south east contractor lifted revenue by 38% to a record £139m in the year to December 2023. The latest payout means eligible staff have received nearly £600,000 since the
Around 16 firms face a fight to renew their places on the South West Wales regional contractors framework for public sector building and housing works. The latest generation framework has included new specific lots for housing in addition to specific value lots for building projects across the region. Carmarthenshire County Council, in association with Neath
Taylor Wimpey chief executive Jennifer Daly has been made CBE in the King’s Birthday Honours. Daly who was honoured for services to business and housing is the first woman to lead a FTSE 100 house building company in the UK, taking the chief role in April 2022. She has built a successful career in house
Employers and unions have agreed a 4% pay rise for construction workers under the Building and Allied Trades Joint Industrial Council (BATJIC) agreement. The one year will come into effect from Monday 17 June 2024 and workers employed by small builders will also get an extra day of holiday. Brian Berry, Chief Executive of the
Geoffrey Osborne went under owing subcontractors and suppliers £25.86m. More than 500 firms were left holding unpaid invoices when the famous industry name went into administration last month. The scale of the firm’s debts have been revealed in an update from administrator RSM filed at Companies House. Total debts at the time of Osborne’s collapse
Labour has confirmed it would can the £320m Arundel Bypass scheme in West Sussex to help fund its plan to accelerate the pothole-fixing programme nationally. A consortium of Bam Nuttall, Aecom and Mace was awarded the project back in 2021, with the aim of starting construction last year, but the Government pushed the scheme back
Ambitious plans to build more than 3,000 homes, offices and shops in the heart of Birmingham have been approved. The £1.9bn Birmingham Smithfield scheme, which is being developed by Lendlease in joint venture with Birmingham City Council, aims to regenerate a 17-hectare site around the historic Bullring Markets. According to the partners, work will now
Crest Nicholson has rejected a £650m takeover offer from rival Bellway. Bellway confirmed on Thursday that it made a move last month. It said: “The Board of Bellway believes that there is compelling strategic and financial rationale for a combination of Bellway and Crest Nicholson which would bring together the strength of each business with
